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MERGERS AND ACQUISITIOINS - Balance Sheet - Yadkin (Details) - USD ($)
6 Months Ended
Jul. 04, 2014
Jun. 30, 2015
Dec. 31, 2014
[1]
Business Acquisition [Line Items]      
Cash and cash equivalents   $ 65,620,000 $ 65,312,000
Investment securities available for sale   649,015,000 672,421,000
Loans, net   2,947,413,000 2,890,449,000
Foreclosed assets   13,547,000 12,891,000
Deferred tax asset, net   62,179,000 73,059,000
Goodwill   152,152,000 152,152,000
Accrued interest receivable and other assets   39,327,000 36,506,000
Total assets   4,327,052,000 4,268,034,000
Deposits   3,243,094,000 3,247,364,000
Short-term borrowings   355,500,000 250,500,000
Long-term debt   147,265,000 180,164,000
Accrued interest payable and other liabilities   33,077,000 32,204,000
Total liabilities   3,778,936,000 3,710,232,000
Preferred stock   0 28,405,000
Common stock warrants   $ 717,000 $ 717,000
Yadkin Financial Corporation      
Business Acquisition [Line Items]      
Cash and cash equivalents $ 36,116,000    
Investment securities available for sale 257,655,000    
Loans held for sale 15,696,000    
Loans, net 1,372,679,000    
Federal Home Loan Bank stock, at cost 3,778,000    
Premises and equipment 37,860,000    
Bank-owned life insurance 27,306,000    
Foreclosed assets 1,670,000    
Deferred tax asset, net 24,091,000    
Goodwill 125,899,000    
Other intangible assets 12,951,000    
Accrued interest receivable and other assets 14,101,000    
Total assets 1,929,802,000    
Deposits 1,514,600,000    
Short-term borrowings 72,879,000    
Long-term debt 22,731,000    
Accrued interest payable and other liabilities 11,355,000    
Total liabilities 1,621,565,000    
Net assets acquired 308,237,000    
Preferred stock 28,405,000    
Common stock warrants 717,000    
Total other equity interests 29,122,000    
Purchase price 279,115,000    
Yadkin Financial Corporation | Scenario, Previously Reported      
Business Acquisition [Line Items]      
Cash and cash equivalents 36,116,000    
Investment securities available for sale 259,143,000    
Loans held for sale 15,696,000    
Loans, net 1,403,419,000    
Federal Home Loan Bank stock, at cost 3,778,000    
Premises and equipment 40,204,000    
Bank-owned life insurance 27,306,000    
Foreclosed assets 2,271,000    
Deferred tax asset, net 16,955,000    
Goodwill 0    
Other intangible assets 1,665,000    
Accrued interest receivable and other assets 16,330,000    
Total assets 1,822,883,000    
Deposits 1,509,581,000    
Short-term borrowings 72,879,000    
Long-term debt 38,217,000    
Accrued interest payable and other liabilities 8,448,000    
Total liabilities 1,629,125,000    
Net assets acquired 193,758,000    
Preferred stock 28,405,000    
Common stock warrants 1,850,000    
Total other equity interests 30,255,000    
Yadkin Financial Corporation | Initial Fair Value Adjustments      
Business Acquisition [Line Items]      
Cash and cash equivalents 0    
Investment securities available for sale [2] (1,488,000)    
Loans held for sale [3] 0    
Loans, net (30,740,000)    
Federal Home Loan Bank stock, at cost 0    
Premises and equipment [4] (2,344,000)    
Bank-owned life insurance 0    
Foreclosed assets [5] (601,000)    
Deferred tax asset, net [6] 5,939,000    
Goodwill [7] 124,172,000    
Other intangible assets [8] 10,965,000    
Accrued interest receivable and other assets [9] (2,229,000)    
Total assets 103,674,000    
Deposits [10] 5,019,000    
Short-term borrowings 0    
Long-term debt [11] (15,486,000)    
Accrued interest payable and other liabilities [12] (338,000)    
Total liabilities (10,805,000)    
Net assets acquired 114,479,000    
Preferred stock [13] 0    
Common stock warrants [14] (1,133,000)    
Total other equity interests (1,133,000)    
Allowance loan losses 16,449,000    
Fair value discount $ (47,189,000)    
Preferred stock, dividend rate (as a percentage) 9.00%    
Yadkin Financial Corporation | Initial Fair Value Adjustments | Common Stock Warrants      
Business Acquisition [Line Items]      
Number of warrants outstanding (in shares)   91,178  
Volatility (as a percent)   48.60%  
Expected dividends   $ 0  
Risk free interest rate (as a percent)   1.74%  
Exercise price (in dollars per share)   $ 21.9  
Yadkin Financial Corporation | Measurement Period Adjustments      
Business Acquisition [Line Items]      
Cash and cash equivalents $ 0    
Investment securities available for sale 0    
Loans held for sale 0    
Loans, net 0    
Federal Home Loan Bank stock, at cost 0    
Premises and equipment 0    
Bank-owned life insurance 0    
Foreclosed assets 0    
Deferred tax asset, net [15] 1,197,000    
Goodwill [16] 1,727,000    
Other intangible assets [17] 321,000    
Accrued interest receivable and other assets [15] 0    
Total assets 3,245,000    
Deposits 0    
Short-term borrowings 0    
Long-term debt 0    
Accrued interest payable and other liabilities [18] 3,245,000    
Total liabilities 3,245,000    
Net assets acquired 0    
Preferred stock 0    
Common stock warrants 0    
Total other equity interests $ 0    
[1] Derived from the audited consolidated financial statements included in the Company's 2014 Annual Report on Form 10-K.
[2] Adjustment reflects opening fair value of securities portfolio, which was established as the new book basis of the portfolio.
[3] Adjustment reflects the elimination of Yadkin's historical allowance for loan losses of $16,449 and the recording of a fair value discount of $47,189 on the loan portfolio. The fair value discount was calculated by forecasting cash flows over the expected remaining life of each loan and discounting those cash flows to present value using current market rates for similar loans. Forecasted cash flows include an estimate of lifetime credit losses on the loan portfolio.
[4] Adjustment reflects fair value adjustments on certain acquired branch offices as well as certain software and computer equipment.
[5] Adjustment reflects the write down of certain foreclosed assets based on current estimates of property values given current market conditions and additional discounts based on the Company's planned disposition strategy.
[6] Adjustment reflects the tax impact of acquisition accounting fair value adjustments.
[7] Goodwill represents the excess of the purchase price over the fair value of acquired net assets.
[8] Adjustment reflects the fair value of the acquired core deposit intangible.
[9] Adjustment reflects the impact of fair value adjustments on other assets, which include mortgage servicing assets, certain unusable prepaid expenses, and the elimination of accrued interest on purchased credit-impaired loans.
[10] Adjustment reflects the fair value premium on time deposits, which was calculated by discounting future contractual interest payments at a current market interest rate.
[11] Adjustments reflect the fair value adjustments for subordinated debt issued to fund trust preferred securities and long-term Federal Home Loan Bank ("FHLB") advances, which were calculated by discounting future contractual interest payments at a current market interest rate for similar instruments. For FHLB advances, the fair value adjustment is consistent with the prepayment penalty the FHLB would charge to terminate the advance.
[12] Adjustments reflect accruals and fair value adjustments for other liabilities, which include the write-off of unearned income, deferred gains, and accrued liabilities that will not be paid.
[13] No fair value adjustments were made to Yadkin's outstanding preferred stock. The acquisition date preferred dividend rate of 9.0 percent approximated the then-current market yield for issuances of similar perpetual preferred stock. The preferred stock was redeemable at the liquidation value on the acquisition date, and the Company expected the remaining life of the preferred stock would be relatively short.
[14] The fair value of the common stock warrants was estimated using a Black-Scholes option pricing model assuming all 91,178 warrants will remain outstanding through expiration on July 24, 2019. Assumptions and inputs used in the option pricing model included stock price volatility of 48.6 percent, no dividends, a risk free interest rate of 1.74 percent, and an exercise price of $21.90 per common warrant.
[15] Amount reflects adjustments to acquired deferred tax assets and the tax impact of adjustments (o) and (q).
[16] Amount reflects adjustments to goodwill resulting from adjustments (o), (p) and (q).
[17] Amount reflects an adjustment to estimated fair value of the acquired core deposit intangible.
[18] Amount reflects the adjustment of change in control obligations existing under various employment agreements that were triggered by the Mergers, an increase in reserves for unfunded letters of credit, and additional accruals for certain legal matters and other liabilities.